XL Capital Ltd Declares Quarterly Dividend Of $0.38 Per Ordinary Share And Declares Dividends On Series A And Series B Preference Ordinary Shares

HAMILTON, BERMUDAFri Jan 27, 2006 —
HAMILTON, BERMUDA - January 27, 2006 - XL Capital Ltd (NYSE: XL) ("XL" or the "Company") announced today that its Board of Directors declared a quarterly dividend on January 27, 2006, of $0.38 per Ordinary Share payable on the Company's Ordinary Shares. The dividend will be payable on March 31, 2006, to Ordinary Shareholders of record on March 15, 2006.The Board of Directors also resolved on January 27, 2006, to pay a dividend of $0.50 per share on March 31, 2006, to all Series A Preference Ordinary Shareholders of record on March 30, 2006. The aggregate amount of the dividends payable on the Series A Preference Ordinary Shares is $4,600,000.00.The Board of Directors further resolved on January 27, 2006, to pay a dividend of $0.4765625 on March 31, 2006, to all Series B Preference Ordinary Shareholders of record on March 30, 2006. The aggregate amount of the dividends payable on the Series B Preference Ordinary Shares is $5,480,468.75.XL Capital Ltd, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products and services to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. As of September 30, 2005, XL Capital Ltd had consolidated assets of approximately $54.9 billion and consolidated shareholders' equity of approximately $7.0 billion. More information about XL Capital Ltd is available at www.xlgroup.com.